The home of AFLW in Victoria will get a $15 million funding boost from the federal government to help redevelop an iconic ground.
The money will be spent on developing a high performance training facility for the AFLW, a women's sports injury prevention and research centre as well as upgraded female match-day facilities.
Funds would also go towards delivering an allied health centre and women's coaching education hub.
"It is so important for our elite female athletes to have access to purpose-built high performance facilities to develop their full potential as champion athletes," Treasurer Josh Frydenberg said on Sunday.
The treasurer said he was pleased the redevelopment would also provide training and education facilities for women to further their careers as officials.
"We'll continue to invest in the infrastructure which provides the level of support our female athletes and coaches need to achieve their dreams because they need our support," he said.
The federal government funding is in addition to $20 million provided by the Victorian Labor government.
"This investment...will consolidate Ikon Park as the home of women's football and the long-term base of the Carlton Football Club," club president Mark LoGiudice said.
The investment would make possible more pathways for girls and young women to play football at the highest level, Mr LoGiudice said.